Navigation

Declining income hits gambling venues

Wheel of shrinking fortune: a roulette table at a Zurich casino Keystone

Income at Switzerland’s 21 casinos has shrunk by a third since 2007, according to the Swiss Casino Association. 

This content was published on March 15, 2016 - 12:40
swissinfo.ch and agencies, swissinfo.ch and agencies

Casino proceeds continued to dwindle in 2015, down by 4% to CHF681 million ($689 million), it said on Tuesday. Along with the declining income, the government and cantons receive a smaller slice of the pie: CHF320 million to the public sector, or a third less than nearly a decade ago. 

The industry group says a new gaming law is partly to blame for the lack of competitiveness of Swiss casinos. But in recent years, the weak euro also has created problems for Swiss casinos, particularly in Italian-speaking Ticino, where the highest concentration of casinos in Europe are located. 

Ticino’s proximity to Italy, which only has a few similar casinos, also helps bring in customers from across the border. The government benefits from the casinos because they are obliged to pay part of their profits to it, an average of 50%. 

The casino association is also calling on the Swiss authorities to block access to illegal foreign online games and to allow casinos to offer sporting betting services and lottery products.

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?